The Capital Market Authority approved Riyad Bank request to increase its capital through a rights issue offering

Riyad Bank requested CMA`s approval to increase its capital through a rights issue offering with total shares of 875 million worth SR (13,125) Million (SR 15 per share). The rights issue is limited to the shareholders who are registered in the shareholders register at the close of trading on the extraordinary general assembly day, which will be determined later by the Bank`s board. After reviewing the request by the CMA in light of the regulatory requirements and quantitative and qualitative measures applied on all capital increases, the CMA approved the Bank`s request. The Bank`s rights issue prospectus will be posted for the public.